Why entrepreneur need to take a risk and to be a goal-oriented in starting a business?
Q: #9
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- Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty. Also indicate how entrepreneur Zhang Yiming demonstrates each characteristic? Answer this question in 750 wordsHow Entrepreneur can take calculated risks?
- Write the definition for each of the six characteristic of and entrepreneur. The characteristics given are: (1) vision (2) energy (3) tolerance of uncertainty (4) self-reliance (5) confidence (6) tolerance of failure After defining each characteristic of an entrepreneur given in Chapter 7, answer the following questions: Do you possess any of the entrepreneurial characters discussed above. List each characteristics, you possess then answer the following questions: Have you already started a business? Are you considering starting your own business? If so, what type of business? If you have no desire to start a business, explain why.Consider a highly successful person. Which aspects of his or her success are due to luck and which come from dedication? How does your passion relate to your desired impact? What is an Entrepreneurial MindsetSome entrepreneurship authors argue that writing a business plan is a futile exercise. Do you agree with this assumption (yes or no)? Explain. Also, Is there a difference between writing a business plan and writing a social venture plan? Explain.
- What is really a great idea? And how an entrepreneurial mind-set relates to ideas and opportunities? 150 wordsWrite an essay discussing the value of a business plan and identify the different function essential in managing a entrepreneurial venture. Your essay should contain atleast 300 words.How to idenitfy an entrepreneurial challenge?
